CHFJPY: Curve Analysis (2H)-SL @ 165.90 🚫
SLO2 @ 165.75 ⏳
SLO1 @ 165.50 ⏳
SSO @ 165.10⏳ ⚠️
TP1 @ 164.75
TP2 @ 164.40
TP3 @ 164.00
SUPPORT @ 163.85
✍️ Based on the Curve Analysis on the 2H from 163.49 up to 165.87, PA appears to be in a downtrend
📉 If PA opens/closes below 164.95, we should anticipate PA to continue the DT
⚠️ The above SSO is aggressive
📈 However, if PA continues to PB to the upside then we'll wait for price to come up to our Sell Orders
🔑
DT = DOWNTREND
PA = PRICE ACTION
PB = PULLBACK
Chfjpy!
CHFJPY New bullish leg underwayCHFJPY is trading inside a Channel Up, which made on October 3rd the latest Higher Lon on the 1day MA100.
The price is already near Resistance A (166.550) and the 1day RSI bullish above the 60.00 level.
Buy and target 172.000 (less than the previous -9.60% rise).
Previous chart:
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CHFJPY - Is The BOJ Intervention Coming?Analysis:
Bearish Confluences
Recent downwards trend formed
Retesting an area of significance
Downwards trendline touch
Broadening descending channel formed
1K long position decrease for the CHF
6K short position increase for the CHF
1K long position increase for the JPY
Recent CHF news has been bearish
Bullish Confluences
The CHF is the 4th weakest major currency whereas the JPY is the weakest major currency
6K short position increase for the JPY
Stay Safe - The JPI Team
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CHFJPY I Breakout Retest ContinuationWelcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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CHFJPY Technical Analysis📈 CHFJPY Technical Analysis 📉
Hey Traders! 👋 Let's take a closer look at the CHFJPY currency pair, as there's some exciting potential brewing in the charts. 📊
🔍 Current Price Levels:
CHFJPY is currently trading at 165.6. 📈
🔙 Possible Pullback:
We might see a pullback from the current price levels. This could be driven by recent geopolitical tensions, such as the Israel-Gaza conflict, causing both Swiss Franc (CHF) and Japanese Yen (JPY) to act as safe havens. 🌍
📆 August 2023 Resistance:
The pair is eyeing a retest of the August 2023 resistance level at 166.582. 🎯
📉 JXY Currency Index:
JXY (Japanese Yen Index) was bearish yesterday, which could weigh on the Yen's strength. 🐻
📈 SXY Currency Index:
SXY (Swiss Franc Index) showed a bullish trend, highlighting the potential strength of the Swiss Franc. 🐃
🔍 What to Expect:
With both bullish and bearish signals in play, we might see a retest of the resistance level soon. However, it's important to note a bearish divergence, which suggests a pullback might precede the upward movement.
📚 Educational Opportunity:
This scenario showcases the complexity of the forex market, where multiple factors influence currency movements. It's essential to stay informed and use technical analysis alongside fundamental factors to make informed trading decisions. 📖📈
📣 Share your thoughts! What's your take on CHFJPY? Are you looking for a potential entry point during the pullback? Share your insights and strategies in the comments below! 👇💬
#ForexAnalysis #CHFJPY #TechnicalAnalysis #CurrencyTrading #SafeHavens #GeopoliticalEvents #Divergence #TradingStrategies
CHFJPY - Potential short ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are still in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to go a little bit higher to take out liquidity above equal highs and to fulfill the imbalance and then to reject from 1H bearish order block.
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CHFJPYIs CHFJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 163.6 followed by 162.70
What you guys think of it
CHFJPY:10/10/2023:🔴Looking for a sell?
As you can see, the price hit the bearish order block and because of the market structure, we can expect the price to move down for collecting liquidity as sell side liquidity.
💡Wait for the update!
🗓10/10/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
10th of October 2023 Here is the watchlist for today:
CHFJPY H1 there is a possible BAL forming aswel as a trendline, with a lower trendline that may hold price up on m30.
EURJPY M30 there is a 123 formed around the lower demand zone, be very conservative with this one.
GBPCHF H1 there is a 123 formed, i would wait for a break above 1.11.
The special case today is audnzd, i feel the bel doesnt have a strong enough impulse before the pattern, there is also a possible channel forming on H4 where the upperbound may hold price down.
Happy hunting.
CHFJPY The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the CHFJPY next move:
The instrument tests an important psychological level 163.70
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 162.74
My Stop Loss - 164.25
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
CHFJPY I Potential Short from Resistance Welcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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CHFJPY - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
CHFJPY has been overall bearish trading inside the falling broadening wedge pattern in red, and it is currently approaching the upper trendline.
Moreover, the zone 164.5 is a resistance zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As CHFJPY approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
9th of October 2023Good morning, here is what i will be looking at today at the end of the candle close at 3pm, so in 7 and a half hours from now.
USDCAD H1 we have a H&S so we would like price to trade back up above the neckline then break back below it at or after 3pm.
CHFJPY M30 there is a 123 formed.
AUDNZD M30 we have a potential GS forming.
Thats it for now, there is still a bit of time before i will enter trades and so there is still time for the market to change, lets reevaluate in about 5 hours.
Happy hunting
CHFJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
CHFJPY Will Explode! BUY!
My dear friends,
My technical analysis for CHFJPY is below:
The market is trading on 162.25 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable (Bullish continuation.
Target - 167.17
Recommended Stop Loss - 161.71
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
CHFJPY potential continuation to the upsideGood morning traders, today we are taking a look at CHFJPY. The bank of Japan is still not willing to make a hike and this monetary policy is very negative for the yen, however price has still corrected due to the Yen being underevaluated by investors on the market those past few days. Today, we can see price seems like it found support on a key level of 162 and that the movement to the upside might resume.
CHFJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
CHFJPY – is this pretty picture tradeable?? … the week of 18/09These lines I drew make a pretty picture for sure 😊. But the big question is am I reading the price action correctly and are my expectations reasonable? We will find that out soon. My daily chart shows clearly how I read the movement in this pair so far and what I expect next. However, here are a few main points:
Triple top followed by a series of lower highs.
About 8 weeks of consolidation, higher prices not accepted by the market.
Price contained between a downward sloping trend line and a horizontal one at 164.00
A squeeze to the downside is in progress and IMO a breakout as shown will likely occur. I will be monitoring H4 and H1 charts to confirm if this does happen. Monitoring PA in other JPY crosses will also be useful.
A good level to target will be around the 160.00 area.
Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
What do you think about this trade idea? Please comment and share your thoughts!!
CHFJPY, DOOMSDAY BEAR-MARKET Scenario, Wedge-TRIGGER-Setup!Hello There!
Welcome to my new analysis about CHFJPY on several timeframe perspectives. The CHFJPY conditions have accelerated to an unnatural dynamic recently as the pair moved into new highs instead of the massive overbought condition and the fact that this main reversal into the bearish direction should have setup already long times before especially considering the deficit of capital flows in CHF against the JPY there is a lot of bearish pressure present for CHF.
On the broader perspective the pair is forming this gigantic ascending-wedge-formation in which it already penetrated the lower boundaries with crucial bearish momentum spikes into the lower direction. This means that once a huge bearish pressure spike below the lower boundary has setup this will lead to many long liquidation triggers down the road and will lead to further continuations into this perspective. When the bearish pressure accelerates heavily this will also lead to the massive head-shoulder-formation to be completed triggering further bearish liquidations and momentum.
Especially with a further increase of the deficit in capital flows between CHF and JPY this will lead to the main market momentum to convert into a bearish dynamic and will lead to the underlying bearish scenario perspective to be confirmed by traders and investors moving into a more bearish sentiment consideration. Once the whole head-shoulder-formation has completed the momentum is likely to accelerate to the target-zones mentioned.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP